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DoT amends ISP licenses on telecom gear use from trusted sources, products lists
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Last Updated: Mar 17, 2021, 09:32 AM IST
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" With effect from 15 June 2021. the licensee shall only connect Trusted Products in its network, and also seek permission from designated authority for upgradation of existing network utilizing the Telecommunication Equipment, not designated as Trusted Products," it added.
Agencies
GAIL, RailTel, Power Grid, Oil India which have ISP licenses can only install equipment from the trusted products list from June 15.
The Department of Telecommunications (DoT) has brought in the clauses of ‘trusted sources’ and ‘trusted products’ for internet service providers (ISP) as well by amending their license. ISPs have criticised the move, saying many may have to shut shop as procurement costs could rise substantially as they heavily bank upon Chinese manufacturers for their supplies.

In February, mutual funds continued to trim positions in heavyweights such as Bharti Airtel (Rs 2,800 crore), HDFC Bank (Rs 1,700 crore), Reliance Industries (Rs 1,500 crore) and HDFC (Rs 1,400 crore) as investors continued to redeem money in equity schemes.
Positive flows were seen in NTPC (Rs 700 crore), IndusInd Bank (Rs 700 crore) and L&T (Rs 650 crore). Most large MFs remained underweight on banking and overweight on capital goods. Mid-cap additions included SAIL (Rs 540 crore), IRCTC (Rs 430 crore) and Jindal Steel (Rs 290 crore), while major reductions included Dixon Tech (Rs 440 crore), Max Fin (Rs 400 crore) and PI Industries (Rs 390 crore).
Small-cap additions were PVR (Rs 380 crore), Railtel (Rs 280 crore) and ESAB (Rs 230 crore) while key reductions were Engineers India (Rs 240 crore), Indian Energy Exchange (Rs 160 crore) and Just Dial (Rs 140 crore).

RailTel launches prepaid Wi-Fi service at 4000 railway stations across the country
RailTel launches prepaid Wi-Fi service at 4000 railway stations across the country
By:Abhishek Malhotra, The Mobile Indian , New Delhi
Last updated :
March 05, 2021 3:42 pm
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Indian Railways telecom infrastructure provider RailTel has launched its prepaid Wi-Fi service plans across 4000 railway stations in India to provide high-speed internet. 
 
RailTel already provides free internet through wi-fi service at more than 5,950 stations in the country. Anyone with a smartphone and an active connection can avail the free internet service after an OTP-based verification.
 
A passenger can now use up to 30 minutes of free wi-fi every day at 1 Mbps speed. For higher speed, one can opt for up to 34 Mbps of speeds but the user will need to choose a plan at a nominal fee, according to news agency PTI. 

No free Wi-Fi at railway stations beyond 30 min
March 04, 2021
RailTel to start charging users beyond half an hour; launches prepaid Wi-Fi service
The days of high speed free-Internet browsing at railway stations are coming to an end. Users at 4,000-plus stations which enjoy the facility have to start paying if they use RailTel’s Wi-Fi service for more than 30 minutes.
Also, the free Wi-Fi for half an hour will come at a speed of 1 mbps.
Prepaid Wi-Fi
Those wanting higher speeds need to subscribe to a pre-paid plan. At a press meet on Thursday, it was shared that RailTel had launched its paid service about a month back. As per the plan, with GST, people have to pay ₹11.8 (RailTel gets ₹10) for 5 GB a day, ₹17.7 (₹15 for RailTel) for 10 GB a day, ₹23.6 for 10 GB for five days, and ₹88.5 (₹75 for RailTel) for 60 GB for 30 days. The prepaid services are now available in 4,000 stations. The remaining stations will go paid by the end of this month.

RailTel launches prepaid plans for Wi-Fi at more than 4000 railway stations
ANI |
Updated: Mar 04, 2021 23:54 IST
New Delhi [India], March 4 (ANI): RailTel has launched prepaid plans for its Railwire Wi-Fi at 4000 plus railway stations across the country.
"RailTel has launched prepaid plans for its Railwire Wi-Fi at 4000 plus Railway stations across India. Going forward, a passenger can use 30 minutes free wi-fi per day at 1 mbps speed at these 4000 plus railway stations. For using the Wi-Fi facility at a higher speed of upto 34 mbps, the user needs to choose a plan with a higher speed by paying a nominal fee," read a press statement by the Indian Railways on Thursday.

RailTel already provides free wi-fi service at more than 5,950 stations in the country, and the facility can be availed by anyone with a smartphone and an active connection after an OTP-based verification.

Lesson from Friday’s crash: Sell but don't short
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Last Updated: Mar 02, 2021, 12:05 PM IST
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Shorting this market is treacherous at the best of time, and certainly not where it is now, says Ajay Srivastava
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Hold PSU stocks for dividends, hold for privatisation but sell if you think that it is going to be a repeat of what the last five-six years have been all about, says
Was last Friday a reality check or is Monday an indication of what lies ahead?
I would say both. There will be volatility in the market at this level and investors need to learn to live with it. Monday’s lesson was that when you sell off, you do not short this market. That is the bottom line. You may sell and book profit which is fine with me. Money in the bank is worth a lot but shorting this market is treacherous at the best of time, and certainly not where it is now. Things will keep changing but the paradigm is do not short the market at this point of time and that has been true for the last five years. Shorts have not made money and it is a dangerous game to play.

Shares of RailTel Corporation of India (RailTel) rallied 17 per cent to Rs 142.45 on the National Stock Exchange (NSE) in intra-day trade on Monday after the institutional investors bought a stake in the company via open market on its debut day on Friday.
The stock of the state-owned telecom infrastructure provider made a strong debut on the bourses as it got listed at a 28 per cent premium at Rs 120.60. With today’s rally, it has zoomed 52 per cent from its issue price of Rs 94.
On Friday, February 26, Goldman Sachs India Fund and Nippon India Mutual Fund collectively bought 10.7 million equity shares of RailTel worth Rs 120 crore through block deals on the NSE, the exchange data shows.

RailTel Corporation lists with 16% premium on NSE
RailTel surges over 50% in grey market premium: Know about Railtel IPO before investing
RailTel Corporation of India on Friday got listed on NSE with a premium of 16 per cent against its issue price of Rs 94 apiece.
Notwithstanding the sell-off in the broader market, the stock made a debut at Rs 109, reflecting a gain of 15.95 per cent as compared to the issue price on NSE.
At BSE, shares of the company got listed at Rs 104.60, reflecting a gain of 11.27 per cent.
The company's market valuation stood at Rs 3,846.45 crore.
The initial public offer of the telecom infrastructure provider was subscribed over 42 times.

Stocks to Watch: Bharti Airtel, Indiabulls HFC, Ashok Leyland, DHFL, RailTel
Top 10 stocks that could be in news today. (Photo: iStock)Premium
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Bharti Airtel: The telecom operator will conduct an extraordinary general meeting 19 March to seek the approval of board members on the proposal of issuance of equity shares of the company on preferential basis through special resolution. The company had raised $1.25 billion overseas, it said on Thursday.
Indiabulls Housing Finance Ltd: The company has issued foreign currency convertible bonds, it's first such issuance, worth ₹ 1,091 crore, it said on Thursday. The secured convertible bonds are due 2026. The initial conversion price is ₹242 per fully paid-up equity share of the company.

RailTel Corp shares list at a premium, up over 20%
RailTel is a central public sector enterprise under the administrative control of the Ministry of Railway.Premium
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IRCTC shares were also trading higher
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Shares of RailTel listed at a premium on exchanges today. At 10:27 am, shares were up 20% at ₹115 as compared to issue price of ₹94. The IPO of RailTel was subscribed over 42 times and it had a price range of ₹93-94 per share. The ₹819 crore IPO of RailTel was open between February 16 and February 18. The government sold 27.16% stake in this issue.
In comparison, BSE Sensex was down over ₹1.6%. Shares of another Railway related company IRCTC were trading 3% higher today.

Updated Feb 26, 2021 | 10:41 IST
The Rs 819 crore IPO of RailTel was open between February 16 and February 18. The government sold 27.16% stake in this issue.
RailTel Corp shares list on bourses at a premium  |  Photo Credit: Twitter
New Delhi: RailTel made a stellar debut on bourses on Monday as RailTel shares listed at a premium. Shares were trading at Rs 106, up 13% from the issue price of Rs 94. The IPO of RailTel was subscribed over 42 times and it had a price range of Rs 93-94 per share. 
At 10.01 am, shares of RailTel Corp traded 16% higher at Rs 108.90 apiece on the BSE. So far today, the stock has touched a high of Rs  109 apiece and a low of Rs 104.60. In comparison, Sensex was down 924 points or 1.81% at 50,14.90 while the NSE benchmark Nifty50 index was lower by 249 points or 1.66% at 14,847.45

At 10:45 am, the shares ofRailTel were trading higher by 28.40 per cent on the BSE
RailTel Corporation of India shares listed at a modest premium on the bourses despite a selloff in the broader market this morning. The shares of RailTel Corporation debuted at Rs 104.60, up 11.28 per cent, on the BSE compared to the issue price of Rs 94. And on the NSE, the shares were listed at Rs 109, a premium of 15.96 per cent. At 10:45 am, the shares of RailTel were trading at Rs 120.60, up 28.40 per cent on the BSE and at Rs 120.75, up 28.46 per cent , on the NSE.
Promoted
RailTel Corporation's Rs 819 crore initial public offer (IPO) was an offer for sale by the government as part of the divestment programme. The IPO was subscribed 42 times. The share offering was subscribed 16.78 times in the retail category, 65.14 times in qualified institutional buyer segment and 73.25 times in the non-institutional investor group. The public issue was open for three days between February 15 and February 18.

Rs 819.24-crore offer.
It received bids for 2,59,42,43,370 shares against 6,11,95,923 shares on offer.
New Delhi: Telecom infrastructure provider RailTel Corporation of India Ltd on Friday made a strong debut with its shares zooming over 29 per cent on closing when compared with the issue price.
On BSE, the scrip opened on a strong note of Rs 104.6 apiece, compared with the initial public offering price of Rs 94.
During the intra-day trade, the stock had touched a high of Rs 125.5 before settling at Rs 121.4, higher 29.15 per cent when compared with the issue price and a gain of 16.06 per cent, in comparison to the opening price.

Highlights
Rs 819.24-crore offer.
It received bids for 2,59,42,43,370 shares against 6,11,95,923 shares on offer.
New Delhi: Telecom infrastructure provider  RailTel Corporation of India is all set to be list on the bourses on Friday (February 26). As per reports, the RailTel Corporation of India may be listed with a 10-25 percent premium.
The initial public offer of RailTel Corporation of India was subscribed 42.39 times on the final day of subscription on February 18. The Rs 819.24-crore offer received bids for 2,59,42,43,370 shares against 6,11,95,923 shares on offer, as per data available with the NSE. The qualified institutional buyers (QIBs) category was subscribed 65.14 times, non institutional investors 73.25 times and retail individual investors (RIIs) 16.78 times.

RailTel Corporation IPO got an overwhelming response and was oversubscribed 42.39 times. The issue was priced in a range of Rs 93-94.

RailTel IPO allotment status: Here's how to check
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RailTel IPO allotment status: Here's how to check
TIMESOFINDIA.COM / Feb 24, 2021, 10:46 IST
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Bidding for the RailTel IPO issue began on Tuesday.
NEW DELHI: The allotment status of RailTel's initial public offer (IPO) is available on the official website of the BSE. Those who have applied for the RailTel IPO can visit BSE website to check the allotment status.
State-owned RailTel fixed a price band of Rs 93-94 a share for its initial share-sale which opened for a period of three days from February 16 to February 18.
The total size of the offer was of Rs 819.24 crore, comprising 87,153,369 equity shares of face value of Rs 10 each. It was a complete offer for sale by the government. Hence, the company would not directly receive any proceeds from the same.

RailTel IPO Subscribed 42 Times On Last Day
by Arun Kumar Das - Feb 19, 2021 04:48 AM
RailTel IPO.
Snapshot
The demand for IPO was led by qualified institutional buyers, whose allotted shares in the issue were subscribed 65.1 times at the end of the bidding process.
The Rs 820-crore RailTel Corporation initial public offer (IPO) was subscribed 42.4 times on the final day of the bidding process.
RailTel, one of the largest neutral telecom infrastructure providers in the country, received bids of 2,594,243,370 shares against the offered 61,157,360 equity shares.
The total size of the offer is Rs 819.24 crore at the upper price band of Rs 94 per share.

RailTel IPO subscribed 7.6 times on last day; price band fixed at Rs 93-94
The Ministry of Railways will plan to sell 27% stake through the issue. Market experts have suggested Rs 30-40 listing gains for short-term perspective in RailTel Corporation
BusinessToday.In | February 18, 2021 | Updated 12:19 IST
The shares are proposed to be listed on BSE, NSE on 26th February 2021
The initial public offering (IPO) of state-owned RailTel Corporation of India was subscribed 7.6 times on its third and last day of bidding. The Rs 820-crore public issue at a price band of Rs 93-94 per share was subscribed 12.09 times by retail investors, 3.18 times in QIB category and 3.29 times in the NII category.

The IPO is entirely an offer-for-sale.
Government will offload 87,153,369 equity shares.
New Delhi: The initial public offer of telecom infrastructure provider RailTel Corporation of India was subscribed 2.64 times on the first day of subscription on Tuesday.
The Rs 819.24-crore offer received bids for 16,13,74,220 shares as against 6,11,95,923 shares on offer, as per an update on the NSE.
The category meant for non-institutional investors was subscribed 75 per cent and those for Retail Individual Investors (RIIs) got subscribed 4.99 times.
The public issue is of 8,71,53,369 equity shares and the price range is Rs 93-94 per share.
The company has raised Rs 244 crore from 14 anchor investors. It included participation from UK-based Aurigin Capital via its Aurigin Master Fund and Utilico Emerging Markets Trust, Reliance Capital-managed Cohesion MK Best Ideas Sub-Trust, Singapore-based Integrated Core Strategies Asia and Goldman Sachs India.

Should you subscribe to the IPO of RailTel?
Hari Viswanath
BL Research Bureau |
Updated on
February 18, 2021
While the business has its pluses, pricey valuation is a dampener
Long-term investors can avoid the IPO of RailTel Corporation of India Ltd, a Miniratna Central public sector undertaking. The offer is a secondary sale of 8.7 crore shares by the Centre, representing about 27 per cent of the paid-up capital of the company.
At ₹93-94, it is priced at approximately 23 times its annualised FY21 EPS (based on earnings per share for the first half of FY21 after adjusting for a one-time exceptional expense). This is not cheap given the PSU’s modest earnings growth in recent years and its relative premium valuation vs the PSU universe.

Read more about Nureca's Rs 100-crore IPO subscribed 40x; RailTel Corp 7x on Day Two on Business Standard. Interestingly, the bulk of the demand came from retail investors for Nureca

Retail portion gets 5 times; Company raised ₹244 cr from anchor investors